Company Registration No. 04863640 (England and Wales)
RENOVATE CONTRACTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
RENOVATE CONTRACTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
RENOVATE CONTRACTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
21,000
22,500
Tangible assets
2
27,395
31,877
48,395
54,377
Current assets
Stocks
37,656
23,500
Debtors
169,195
279,792
Cash at bank and in hand
15,532
17
222,383
303,309
Creditors: amounts falling due within one year
(191,791)
(253,950)
Net current assets
30,592
49,359
Total assets less current liabilities
78,987
103,736
Creditors: amounts falling due after more than one year
(6,750)
(15,388)
Provisions for liabilities
(4,333)
(5,130)
67,904
83,218
Capital and reserves
Called up share capital
3
300
300
Profit and loss account
67,604
82,918
Shareholders' funds
67,904
83,218
RENOVATE CONTRACTS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2016
30 September 2016
- 2 -
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 2 May 2017
Mr D MacLauchlan
Director
Company Registration No. 04863640
RENOVATE CONTRACTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 October 2015
30,000
81,513
111,513
Additions
-
3,487
3,487
At 30 September 2016
30,000
85,000
115,000
Depreciation
At 1 October 2015
7,500
49,636
57,136
Charge for the year
1,500
7,969
9,469
At 30 September 2016
9,000
57,605
66,605
Net book value
At 30 September 2016
21,000
27,395
48,395
At 30 September 2015
22,500
31,877
54,377
RENOVATE CONTRACTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
300 ordinary shares of £1 each
300
300